Mobile payments overtake use of cash in China

Mobile payments overtake use of cash in China

Imagine not having to carry cash, or a card to pay for things.

That’s the reality in much of China these days – where a majority of electronic payments last year were made using mobile phones and apps.

Al Jazeera's Florence Looi reports from Beijing.

[jjliang]

The china mobile payment is based on the coverage everywhere 4G network and smart phone everywhere, that is the key point

[anonymousanonimity]

when I was in elementary school, text books said the gap between china and developed countries is like 100 years, now maybe 20 years, and the gap is closing fast, in every corner

[manhin]

We have the same here in Indonesia, with gopay, ovo, etc

[tterb]

when you, the purchaser, enter the cost/payment on the phone, how does the seller get a confirmation and a confirmation on the correct amount you, the purchaser, typed it... without showing the seller?

[spoortifyy]

Half the people in this comment section doesn’t understand what this is . There is no bank involved in this cashless system

[paulkimathi]

We have had mobile money in kenya for the last 10 years.

[pedrojamalserrano]

I do have Aliexpress in my hands to buy online and offline.

[TheKeithvidz]

few people have normal bank accounts here.

[anselronnie]

To be honest, I don't use cash for years，nowhere in a city we can't see QR code

[purnimachaudhari]

Biggest profit to Chinese are NFC enabled smart phones. This eliminates Internet completely, , the profit India does not have. NFC use is subject to cooperation from vendors completely. China has edge over India in this facility.

[capespring]

how do they ward off a persistent ddos?

[AleksandrVasilenko]

Why this isn't popular in the US i don't know

[jvs]

Welcome to the future!!! The future is already here... this like when the automobile first came to being all the horse and buggy people were in denial of the future.

[Amn]

We've had mobile money transfer for the last decade in Somaliland

[Brandonhayhew]

What about hacking if become a huge problem in China?

[mohdrehankhan]

people get fooled easily by NOT using cash or hard money you will never know how much money will spend untill and unless you use hard this is a strategy

[CptDaves]

The government has access to a data bank that can tell them what every citizen paid for and where and when they made the transaction. They only need cash to pay hookers and drug dealers.

[roddale]

No privacy with electronic cash. Governments, banks, corporations, police can monitor your purchases. Imagine some interferring public health body telling you to stop buying too much chocolate. Coins & notes might be more cumbersome but they are private.

[asrafhavej]

Please forwarded this video to our pm Narendra Modi to give message without demonetisation cashless India is possible teach china.

[tenzackyogi]

My relatives forced me to use this shady app.😡